Rentomojo Ltd, an online rental and subscription platform for home furniture and appliances, on Friday fixed a price band of ₹384-404 per equity share for its upcoming ₹1,256-crore Initial Public Offering (IPO).
The IPO will open for public subscription on September 9 and close on September 11. The bidding for anchor investors will take place on September 8, according to a public announcement.
The IPO comprises a fresh issue of equity shares aggregating up to ₹150 crore and an Offer For Sale (OFS) of 2.36 crore shares worth up to ₹1,106 crore at the upper end of the price band.
1 August 2026
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At ₹404 per share, the total issue size stands at ₹1,256 crore.
The OFS includes shares being sold by several existing shareholders, including Accel India IV (Mauritius) Ltd, Edelweiss Discovery Fund - Series I, IDG Ventures India Fund III LLC, ValueQuest S.C.A.L.E. Fund, Madison India Opportunities V VCC, Chiratae Trust, TM Naigama Investment Manager LLP, GMO Payment Gateway Inc, Geetansh Bamania, GMO GFF Ltd Partnership and Renaud Laplanche.
The company proposes to utilise the proceeds from the fresh issue towards payment of debt, payment of lease rentals or licence fees for its warehouses and experience stores, and for general corporate purposes.
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Founded by Geetansh Bamania, the company operates a technology-driven, full-stack Direct-to-Consumer (D2C) platform offering rental and subscription services for furniture and home appliances across India.
Rentomojo is the largest player in the organised online rental segment for furniture and appliances, with an estimated market share of 42-47% based on subscription revenue in FY2025, as per a Redseer report cited in the draft papers.
The equity shares are proposed to be listed on the BSE and the NSE on September 17.
Motilal Oswal Investment Advisors Ltd, Axis Capital Ltd and IIFL Capital Services Ltd are the book-running lead managers to the issue, while KFin Technologies Ltd is the registrar.
